Bridge over ocean
20 July 2021 Multimedia

What to Make of the Bond Markets?

  1. Daniela Mardarovici, CFA

Daniela Mardarovici, CFA, Managing Director, Co-Head of US Multisector Fixed Income at Macquarie Asset Management, shares the forces that shaped her approach to investing and offers perspective on the bond markets and how to add value in this environment.

The Take 15 Series is a collection of illuminating, short conversations with noted economists, best-selling authors, leading researchers, and successful practitioners on topics ranging from geopolitics and whistleblowing to irrationality and outlooks.

Episode Transcript (PDF)

Episode Breakdown:

1:15 The journey from Moldova to the bond markets
3:07 What made Daniela fall in love with the markets
4:14 Daniela’s experience in the market over the past year
7:45 The bond market has not been following the script that we expected this summer: Daniela’s view on how we should be thinking about events now and long-term
12:20 What is Mutant Capitalism, and why should we be thinking about it?
16:51 How Daniela gets her team to think this way of standing against the tide
19:37 Why should investors own bonds, what is the role of fixed income and how do you add value in this environment?
24:14 Closing questions: 

  • One long-lasting change that you hope will stick around because of the pandemic or as a result of the pandemic?
  • The one item Daniela would take with her on a long-duration space flight
  • Flight or invisibility?

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